Can I still get a loan if I'm self-employed?

We believe New Zealand is a country full of can-do go-getters who regularly strive to make their dreams come true, no matter how big or small. So as a credit union of the people and for the people, at NZCU Baywide we’ve helped - and continue to help - self-employed New Zealanders achieve their goals with our personal loans for self-employed applicants.

How Much Can I Borrow?

We calculate the amount you can borrow, as well as the interest rate you’ll pay, by using your personal after tax income. This requires you to present verification, as well as a copy of your latest tax assessment notice and/or your latest financial statements, showing two years of trading results.

As a self-employed application, you’ll also need to meet the following criteria:

18+ years of age.

A permanent resident of New Zealand.

Adequate proof of identity. (Note: Co-borrowers are allowed to join an application for a loan).

Permanent or fixed address, either as an owner, buyer or renter. This includes boarders who are sharing or living with their parents.

Discharged Bankruptcy, NAP (Non-Asset Procedure) or SIO, which must be declared.

Want to know your options?

*Credit Union Baywide trading as NZCU Baywide. Terms and conditions and normal lending criteria apply. A $500 approval fee and other fees apply for home lending. A $250 approval fee and other fees apply for personal lending. All variable rates, fees and returns are subject to change without notice. The current Product Disclosure Statement and other disclosure statements are available here or on request from the Credit Union. NZCU Baywide savings are shares secured by a first ranking security over NZCU Baywide's assets. Click here to view our rates and fees. The CANSTAR 5 Star Rating was awarded in December 2017 to NZCU Baywide for Orange Personal Loans and in June 2017 for our Online Saver account.